What is PT Wijaya Karya (Persero) Tbk Sloan Ratio %?
Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Jun. 2024, PT Wijaya Karya (Persero) Tbk has a Sloan Ratio of -2.97%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Wijaya Karya (Persero) Tbk Sloan Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of PT Wijaya Karya (Persero) Tbk's Sloan Ratio %
For the Engineering & Construction subindustry, PT Wijaya Karya (Persero) Tbk's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PT Wijaya Karya (Persero) Tbk's Sloan Ratio % Distribution in the Construction Industry
For the Construction industry and Industrials sector, PT Wijaya Karya (Persero) Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Wijaya Karya (Persero) Tbk's Sloan Ratio % falls into.
PT Wijaya Karya (Persero) Tbk Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
PT Wijaya Karya (Persero) Tbk's Net Income for the trailing twelve months (TTM) ended in Jun. 2024 was -3963669.187 (Sep. 2023 ) + -1283423.821 (Dec. 2023 ) + -1132749.079 (Mar. 2024 ) + 1534699.105 (Jun. 2024 ) = Rp-4,845,143 Mil.
PT Wijaya Karya (Persero) Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2024 was 491503.355 (Sep. 2023 ) + -1222530.003 (Dec. 2023 ) + -442779.367 (Mar. 2024 ) + -1465382.052 (Jun. 2024 ) = Rp-2,639,188 Mil.
PT Wijaya Karya (Persero) Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2024 was -834927.094 (Sep. 2023 ) + 231589.696 (Dec. 2023 ) + -757820.224 (Mar. 2024 ) + 1149240.775 (Jun. 2024 ) = Rp-211,917 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PT Wijaya Karya (Persero) Tbk (ISX:WIKA) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2024, PT Wijaya Karya (Persero) Tbk has a Sloan Ratio of -2.97%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Wijaya Karya (Persero) Tbk Sloan Ratio % Related Terms
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PT Wijaya Karya (Persero) Tbk Business Description
PT Wijaya Karya (Persero) Tbk is an engineering and construction firm focusing on construction, large infrastructure projects, energy plants, real estate, and other developments. It constructs transportation networks for public systems and builds residential and commercial buildings for various end markets. The company works throughout the entire construction process, from planning and design to building and repairing existing structures. Wijaya Karya has five business segments: infrastructure and buildings, energy and industrial plants, Investment, realty and property, and industry. The company is controlled by the Indonesian government.
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